Garrett Motion stock surges after earnings beat and outlook lift

7 articles · Updated · MarketWatch · Apr 30

Shares rose 21% to $24.78 and touched $25.29, while first-quarter profit climbed to $95 million, or 49 cents a share, on sales of $985 million.
The automotive-technology company raised its full-year sales forecast to $3.6 billion-$3.9 billion and profit guidance to $300 million-$360 million, above its previous ranges.
Results beat FactSet analyst estimates of 42 cents a share on $912.7 million in quarterly sales, and the stock is now up 42% so far this year.

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